Growth Equity - 2023 1st Year Associate Comp Discussion
Figured we'd get a separate thread as VC comp understates and traditional PE comp overstates Growth Equity comp. Interested to hear data for 1st Year Associates:
- Fund Size
- Comp (Base, Bonus, Co-Invest, Signing, Relo, Sourcing bonuses etc)
- Expected hours
I'll kick it off:
- Fund Size: ~$3bn AUM
- Location: SF
- Comp (Base, Bonus, Co-Invest, Signing, Relo, Sourcing bonuses etc): Base: 150k, Target bonus (inc sourcing) 150-175k; All in cash comp ~325k.
Appreciate u kicking this off. Ignore title - im a first year associate after doing 2 yrs of IB.
Fund size: ~$2bn latest, ~$8bn AUM
Comp: $140 base, ~$120 cash bonus, sourcing bonus that can be as high as $50k+ but wont include since its rare to source a deal your first year.
Location: Tier 2 east coast (bit city thats not NYC)
Spectrum Equity? They pay light
What do these numbers look like for analysts?
Believe for analysts it's inline with BB IB. Base is about 100-110k, bonus probably around 70k to 100k.
All in anywhere between 170k to 210k depending on shop
Seems high for analyst? If true, great comp...
Fund Size: ~$2.5bn, ~$7bn AUM
Location: East coast tier 1 city
Comp: $150 base, $110 cash bonus, sourcing bonuses are given out but as mentioned above, unlikely for a 1st yr associate.
Fund size: ~$4.5bn
Location: Tier 2 east coast city (DC/BOS/MIA)
Comp: $170k base, $90-130k bonus
Relocation bonus: $5k
Co-invest / Carry: None communicated in offer letter
Damn that's a super solid base. Sourcing heavy shop?
Solid base but obviously bonus shifts down to balance out TC (no complaints, but given size of last fund and trajectory candidly was hoping for less of a drop in bonus)
Sourcing not done at junior level
Bump - curious if anyone has data points in Boston specifically
Summit Partners is ~300k all in for associate 1 with some sourcing bonuses
GA / Insight / Summit / TA
Confirming this is for Associate?
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